INFI - Pennant formation long from $2.50 to $4
INFI seems breaking out of a pennant formation. There is a potential for upward channel formation as well. However both pattern suggests upward movement & we think it has good upside potential up to $4.
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Upward Channel; Pennant formation.
Entry Target Criteria- Entry around 2.5-2.58 (Hit February 14, 2017)
Exit Target Criteria- target 1 $2.97 and Target 2 $3.18. Long term target of $4.00
Stop Loss Criteria- $2.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Upward Channel; Pennant formation.
Entry Target Criteria- Entry around 2.5-2.58 (Hit February 14, 2017)
Exit Target Criteria- target 1 $2.97 and Target 2 $3.18. Long term target of $4.00
Stop Loss Criteria- $2.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.